I have a question about the federal reserve and whether or not the Gold is at Fort Knox, etc. Here is my thought first of all the question is the Gold at Fort Knox, etc. is supposed to belong to the treasury. The federal reserve is not a part of the US government, but is actually owned by its member banks. Why would they store Gold for anybody without a fee.? Could the fee be the ability to lease the gold stocks to others and make a small percentage profit off the lease? The real question then becomes if the US government thinks they’re going to revalue gold and use the difference in dollars to fund their new bitcoin plan what if there aren’t as many dollars available because the Gold is not available? I also know from people that were there from an audit back in the 50s or whatever it was that some of the bars actually contain tungsten and aren’t 100% pure all of this is a question if the treasury is expecting a certain amount of dollars, but the federal reserve somehow lost it allwith the member banks of the federal reserve then be liable to replace it? I don’t know anyone else to ask these questions.
How do you imagine inflation will be triggered during the collapse. I'm having trouble getting a grasp of it.
Will it be due to real inflation from the FED as a response to the market?
Or more significantly due to the collapse of the credit bubble directly? I.e with all the bad debt being a drag on the current money supply, when it defaults, the demand disappears, causing price inflation.
I have a question about the federal reserve and whether or not the Gold is at Fort Knox, etc. Here is my thought first of all the question is the Gold at Fort Knox, etc. is supposed to belong to the treasury. The federal reserve is not a part of the US government, but is actually owned by its member banks. Why would they store Gold for anybody without a fee.? Could the fee be the ability to lease the gold stocks to others and make a small percentage profit off the lease? The real question then becomes if the US government thinks they’re going to revalue gold and use the difference in dollars to fund their new bitcoin plan what if there aren’t as many dollars available because the Gold is not available? I also know from people that were there from an audit back in the 50s or whatever it was that some of the bars actually contain tungsten and aren’t 100% pure all of this is a question if the treasury is expecting a certain amount of dollars, but the federal reserve somehow lost it allwith the member banks of the federal reserve then be liable to replace it? I don’t know anyone else to ask these questions.
Hi Alasdair,
How do you imagine inflation will be triggered during the collapse. I'm having trouble getting a grasp of it.
Will it be due to real inflation from the FED as a response to the market?
Or more significantly due to the collapse of the credit bubble directly? I.e with all the bad debt being a drag on the current money supply, when it defaults, the demand disappears, causing price inflation.